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Cambodia’s National Assembly Approves Draft Law on Commercial Gaming Management

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5 years ago

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Cambodia’s National Assembly Approves Draft Law on Commercial Gaming Management
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The National Assembly of Cambodia has approved the draft law on commercial gaming management, which was intended to bring casinos and other gaming facilities in the kingdom under control.

Aun Pornmoniroth, Minister of Economy and Finance in Cambodia, said the bill sets a minimum capital for the investment in a casino and provides measures to combat money laundering and terrorist financing.

“The law is aimed at further strengthening the management of commercial gaming facilities in Cambodia so as to contribute to boosting economic growth, promoting tourism, increasing tax revenue as well as maintaining social safety and security,” the minister said.

In Cambodia, casinos are licensed to operate in order to help attract foreign tourists, and its nationals are not allowed to gamble in the casinos.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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